OPEC+ set to approve another oil output increase, sources say
AI Summary
OPEC+ is expected to approve an increase in oil production quotas by 188,000 barrels per day starting August, signaling a shift in energy output strategy. This decision affects global energy markets and has geopolitical implications.
The oil-producing group has agreed in principle to increase quotas by 188,000 barrels per day from August, two sources told Reuters.
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